The following trade ideas will be removed from the Active Short Trade ideas category over to the Completed Trades (Short) category. EA: This one was suggested to only short a partial (1/2) position with the criteria for the second lot never triggered. The stock went on to exceed the suggested stop of 66.00 and has [...]
SPG (Simon Property Group) was added as a short entry on April 30th at a price of 181.79. SPG is now approaching the top of the target zone with the uptrend line not far below. The official sole profit target will now be set at 170.85 with a stop above yesterday's high of 176.59 (official [...]
SPG daily April 30th SPG (Simon Property Group), the king of REITs, offers an objective short entry here on the break below the yellow uptrend line. First target would be the support zone, followed by the white, secondary uptrend line. SPG is the largest holding in IYR (iShares US Real Estate ETF) and [...]
when i look at XLF (financial sector etf) and it's components, i see tons of bear flags and bearish pennants on the daily to 60 minute frames. here's some 4 hour charts and several XLF components. i'm aware that the last few days have had an underlying bullish tone, with the markets rallying into the [...]
although the SPG/IYR trade was stopped out, i am shorting some DRN today. SPG has now made an overthrow of it's key uptrend channel and looks ripe for a pullback to at least S1. will add on a break of that yellow sub-uptrend line. 2-day chart below.
the following trades were stopped out last week: IMOS, BBBY, INTC, SPG, IYR/SRS, XLK, UPS, LSI. i'm still watching some of these, particularly SPG and IYR for re-entries.
well who'd a thunk it but SPG finally made a solid breakdown of that sub-channel uptrend line that i've been highlighting and the surprising part is that it did it on a day when nearly all sectors are doing well. the selling seems to be news driven as this bloated pig of a REIT (a [...]